has this shot the chances of incitec takeover

Hi Guys

Sorry to all current shareholders about todays announcement. I am a novice to this stock. Is this the announcement that Incitec was waiting for before weighing up a takeover bid? Is their still a possibility of a takeover at a time when the price is low? I was entertaining buying this stock for the take over speculation but now they have blown up 280 million of shareholders money and the shareprice exploded am very wary. Incitec may still take it over to blow up the board that are responsible. The company needs some new guidance. Thoughts appreciated if this is a spec buy on weakness or the stock is a ticking time bomb.